Indigenous blockchain protocols show creativity in the arms race for the cryptographic treasure

The race to build cryptographic treasure vouchers accelerates. In addition to high-level businesses, which increases billions, the indigenous protocols of the blockchain themselves explore new ways of locking the value in their ecosystems, and in some cases, even reinventing what a treasure can do.

On August 7, the Chainlink network announced its own reserveDesigned to accumulate the token chain link native of the protocol (LINK) collected both on ONCHAIN’s service costs and the income of companies outside the chain, creating a direct link between ChainLink’s commercial activity and the demand for long -term tokens.

Since then, the protocol has made two deposits to its newly launched onchain treasure. ONCHAIN DE ETHERSCAN data shows Total holdings at 109,661.68 link when writing these days, estimated at around 2.6 million dollars.

Although ChainLink has not revealed the quantity or frequency to which it will add to the reserve, the initiative is part of a wider change from the crypto to the use of treasure bills as an active engine of token demand rather than passive reserves.

In relation: What is Chainlink and how does it work?

Transform treasury bills into engines with perpetual demand

The Chainlink reserve is funded by income from corporate customers on banking and capital markets. These payments – whether in the floors, gas tokens or Fiat – are collected and converted automatically in line via the chainlink payment abstraction system before being deposited in the reserve.

ChainLink Labs claims that the network has already generated hundreds of millions of dollars in these corporate transactions. He also noted that no withdrawal will be made from the reserve for several years.

Cardano also explores cryptographic cash alternatives. In a June 15 livestreamCardano founder Charles Hoskinson suggested converting 5% to 10% of $ 1.2 billion Ada de Cardano (ADA) Treasure in Bitcoin and Stablecoins, then using the yield to buy your native token on the free market. According to its estimates, the reallocation of approximately $ 100 million in ADA could generate $ 5 million to $ 10 million in annual redemptions, creating a perpetual demand loop.

Unlike Chainlink, which channels external income in conjunction without selling its reservations, the Cardano plan would reallocate existing assets, creating short -term sales pressure but offering the larger long -term gains potential if the strategy works.

https://www.youtube.com/watch?v=20zfedqdkl8

Danny Ryan, research analyst at Bitwise, told Cintelegraph that the purchases supported by tens of millions of people “would almost certainly pay long -term dividends for holders” if they were carried out on a large scale.

“These repurchase programs should be considered by the market as a resolutely optimistic development … projects that believe in their own value should be willing to protect and develop their won capital by investing in the token. Investors will note it. “

In relation: Sergey Nazarov compares the Cre de Chainlink to the first

Although this decision can increase certain token values and add an additional layer of warranty, Ryan maintains that it is too early to assess the impact of the market.

The analyst noted that it is not clear how the indigenous treasury of cryptography could have an impact on his token prices, which makes doubts as to whether these efforts could significantly influence large tokens by commercial volume, such as Link.

“How much ChainLink income will spend on the reserve, how often they will buy and how exactly,” said the analyst, adding that it is not clear if such purchases could “move a market that sees more than a billion dollars in daily negotiation volumes”.

Ryan rejected the concerns that the pooling of the link to a single cash contract could centralize the risks, saying that the reserve is too small to affect a token of several billion dollars. “”[It is] A relatively tiny holder of a million dollars of a token worth several billion by market capitalization. »»